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Proposition AKaty Management District #1 (Fort Bend County)
FAILEDKaty Management District #1 2019 Capital Infrastructure & Facility Improvement Bond Proposition
May 2019 Katy Management District #1 Uniform General & Special Election • Canvassed on 2019-05-04
Official Certified Canvass Outcome
FOR: 204 (50.0%)AGAINST: 204 (50.0%)
Total Ballots Cast on Proposition: 408
Authorized Bond Debt
$2.1M
Total 30-Yr Repayment
$3.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Katy Management District #1 to issue $2,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR KATY MANAGEMENT DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.